The fourth week of May 2026 will feature several SME IPO launches despite the truncated market week. According to reports from NDTV Profit and ET Now, Yaashvi Jewellers will open for subscription on May 25, 2026, closing on May 27, 2026, while SMR Jewels will open on May 26, 2026 and close on May 29, 2026. Rajnandini Fashion India will follow the same timeline, opening on May 26, 2026 and closing on May 29, 2026. As per ET Now, there will be no new mainboard IPOs opening for subscription during this holiday-shortened week, with investor attention remaining focused on smaller and medium-sized enterprises.
SMR Jewels is offering a book-built issue worth ₹67.23 crore with the IPO opening on May 26, 2026 and closing on May 29, 2026. The issue comprises a fresh issue of 0.40 crore shares and an offer for sale of 0.10 crore shares. The IPO will be listed on the BSE SME exchange with ₹2,70,000 as the minimum application amount for retail investors. The SMR Jewels IPO allotment will be finalized on June 1, 2026, with credit to demat accounts on June 2, 2026 and listing scheduled for June 3, 2026. According to ET Now, the company has fixed a price band of ₹128–135 per share for the offering.
SMR Jewels Limited, incorporated in 2018, operates in the design and distribution of designer heritage jewellery. The company reported strong financial growth with revenue increasing from ₹67.53 crore in 2023 to ₹263.25 crore in 2025, while PAT grew from ₹0.91 crore to ₹10.41 crore over the same period. The company's Earnings Per Share (EPS) stands at ₹7.11 with a Return on Net Worth (RoNW) of 43.14%. The promoter holding pre-issue is 90.37% with 1,46,53,743 shares, which will reduce to 1,86,53,743 shares post-issue.
As reported by NDTV Profit and ET Now, Yaashvi Jewellers is launching an entirely fresh issue of 0.53 crore shares to raise approximately ₹44 crore. The IPO will list on the BSE SME exchange and is scheduled to open for subscription on May 25, 2026 and close on May 27, 2026. According to ET Now, the company plans to raise nearly ₹44 crore through the issue.
As reported by NDTV Profit and ET Now, Rajnandini Fashion India is launching a book-built issue worth ₹18.21 crore. The public offer is entirely a fresh issue of 0.29 crore shares and is scheduled to be listed on the BSE SME exchange. The IPO will open for subscription on May 26, 2026 and close on May 29, 2026. According to ET Now, the issue comes with a price band of ₹59–63 per share and seeks to mobilise approximately ₹18 crore.
Despite steady activity in the SME segment, the broader IPO market has slowed in 2026. As per ET Now, rising geopolitical tensions, market volatility and concerns over high valuations have led several companies to delay their listing plans. IPO fundraising this year has fallen sharply compared to the same period last year. However, market experts believe the pipeline for future IPOs remains strong, with many companies still awaiting favourable market conditions before launching their public issues. Alongside new IPO launches, multiple SME companies are also expected to debut on the stock exchanges this week, including firms such as Vegorama Punjabi Angithi, Harikanta Overseas and Teamtech Formwork Solutions.
